Business Loan Raichur

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Best Banks for Business Loan in Raichur

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% - 17%	11.25% - 18.5%	12%
Min Loan Amt	Metro : 75000 & Non Metro: 50000	50000	100000
Max Loan Amt	50 Lacs	50 Lacs	1 Cr
Loan Tenure	1 - 5 Years	1 - 5 Years	1 - 5 Years
Processing Fee	0.25% - 2% of the Loan Amt	1% - 2.5% of the Loan Amt	0.5% - 2% of the Loan Amt
Preclosure Charges	2%, Nil foreclosure charges after 12 months	2%, Nil foreclosure charges after 24 months	Nil
Overdraft Facility	No	No	Yes

Business Loan in Raichur Features

Finance is the most important element of any business enterprise. It is the easiest and fastest way to grow up your business in the market. Taking a Business Loan Raichur can help you develop your dream business and bring you to new heights of success. This type of loan helps you expand the roots of your business in the whole industry, encouraging you to invest more, development of infrastructure and various other requirements at the business site. Dialabank, the first financial helpline, is an NBFC working on very low rate of interest model of Business Loan Raichur and various other cities of India.

We serve as a genuine medium for helping you enjoy a good command over several business processes give you a way to money-making with simple processing of documents and no security terms. We would be pleasured to have you as a partner for your business to help it enjoy good fame in the industry.

Business Loan in Raichur Interest Rates

Bank

Processing Fee

Prepayment Charges

HDFC Bank Personal Loan

0.25% to 1.50%

2%, Nil foreclosure charges after 3 months

Axis Bank Personal Loan

0.50% to 1.50%

Nil

Private Bank Personal Loan

0.25% to 1.50%

2%, Nil foreclosure charges after 9 months

SBI Personal Loan

500/- to 0.50%

Nil

Kotak Personal Loan

1% to 2%

2.25% of fore closure amount if closed 1 month ahead of the tenure.

IIFL Personal Loan

Nil

Nil

Muthoot Personal Loan

Nil

Nil

Manappauram Personal Loan

Nil

Nil

PNB Personal Loan

0.70% to 1%

Nil

Canara Bank Personal Loan

1%

Nil

Andhra Bank Personal Loan

Nil

Nil

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Business Loan in Raichur Documents Required

Salaried Customers:

PAN Card Copy
Residence Proof (Rental/ Owned)
Two Passport-sized photos
Identity Verification Proof
Payslips of the last three months
Bank statements for the previous six months

Self-Employed Customers:

Aadhar Card Copy
Residence Verification Proof (Aadhar Card/ Driving License)
Two passport-sized photos
Financial documents (Balance Sheet, Profit and Loss Statement and Income Tax Return files).
PAN Card Copy

Business Loan in Raichur Eligibility Criteria

Salaried Applicants

The work position of the candidate should be stated while applying.
The minimum income of INR 25,000 per month of the applicant is required.
The minimum age of twenty-one years and a maximum of sixty years.
The minimum job experience of three years and salary to be received in the applicant’s account.
Excellent credit history of the candidate is required.

Self-Employed Applicants

The CIBIL/ credit score should be clean with no debt or dues pending.
The yearly earnings of the candidate should be minimum Rs 2.5 lakhs.
The minimum age of the person should be 25 years when applying for the loan.
The complete documentation process requires financial and bank statements for the past three months.
A file of Income Tax Records for the last three years is required when applying for the loan.
The business should be in operation from the past three years continuously.

How to Apply for Business Loan Raichur?

Visit the website of Dialabank.
Go to the loan section and click on Business Loan.
Fill in details appearing on the form as per your respective city.

For further information contact 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Raichur

Every Bank and NBFC charges a fee for processing your Business loan Raichur request. Processing Fees charged by the Bank or NBFCs on Business Loan Raichur is up to 2.50% of the loan amount.

If you close your loan before the accepted loan tenure in the documents, every lending company charges you a penal prepayment fee for the loan period agreed beforehand. In most cases, you cannot settle your loan before 12 months from the date of availing the loan. Post that the charges also vary depending on how many years the credit has done. The Prepayment charges are mentioned below:

07-24 Months – 4% of Principal Outstanding
25-36 Months – 3% of Principal Outstanding
>36 Months – 2% of Principal Outstanding

Business Loan EMI Calculator Raichur